|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Toncoin (TON) Enters New Era of Low Volatility, Attracting Conservative Investors
Oct 14, 2024 at 07:08 pm
Toncoin (TON) is back in the low-activity area. The analyst highlighted that TON's Sharpe Ratio Risk Indicator has entered a low-risk area for the first time in 12 months.
CryptoQuant Analyst JA Maartun has hinted at a possible end to the higher-than-normal volatility for Toncoin (CRYPTO: TON).
What Happened: The Sharpe Ratio Risk Indicator for TON has entered a low-risk area for the first time in 12 months, the analyst highlighted.
“It has been a volatile year for TON, with its price climbing from $2 to $8 over the past year,” Maartun noted.
The coin has climbed into the top 10 by market capitalization during this period. At press time, the price of TON was seen flattening out in gains and was trading at $5.27.
Returning to the low-risk area meant one unique thing for the coin — its attractiveness was now heightened.
More conservative investors might start liking the coin, complementing the heavy whale buy-up over the past few months.
If the trend played out as projected, it might trigger a major leap in price for the coin, ultimately amplifying its projection to return to its ATH.
Related Link: Toncoin Surges 1,200% In 9 Months Despite Crypto Market Turmoil: What's Driving Rally In Notcoin Rival?Ecosystem Versatility To Play Key Role: A project like Toncoin attained its potential because of its technology and its associated decentralized applications (dApps).
Among the most versatile recorded in recent times is DOGS, a major rival to Shiba Inu and Dogecoin (CRYPTO: DOGE).
With high ecosystem and network activity, and widespread whale adoption, DOGS remained a source of attraction for the TON ecosystem.
Notcoin (NOT) was also another core focus for the Toncoin ecosystem. As the pioneering Tap-2-Earn (T2E) game on Telegram, its role in the community and in boosting TON remained crucial.
Overall, Toncoin has more price and valuation leaps, one of which might soon push its price toward a new all-time high (ATH).
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin (BTC) Whale Dumps $1.2M Worth of Shiba Inu (SHIB) to Buy ETFSwap (ETFS) Token, the Dogecoin (DOGE) Alternative, Set to Explode by 30,000%
- Oct 14, 2024 at 10:20 pm
- As Shiba Inu (SHIB) continues to battle fluctuating price movement, a Bitcoin (BTC) Whale has dumped $1.2 million worth of it to move to a much
-
- Rollblock (RBLK) emerges as a strong contender to dethrone Dogecoin and Shiba Inu as the top meme coin
- Oct 14, 2024 at 10:20 pm
- Today's crypto market has Dogecoin and Shiba Inu as meme coin kings due to hype and community backing. But experts warn that these popular tokens could soon lose their top spot to Rollblock (RBLK).
-
- After Signing a Malicious Transaction Associated With a Phishing Attack, a Cryptocurrency Trader Has Lost Over $1.28 Million in Various Digital Assets
- Oct 14, 2024 at 10:20 pm
- On Oct. 14, blockchain security firm PeckShieldAlert reported that a trader lost significant amounts of PEPE, APU, and MSTR tokens after being tricked